27 Nov 2017 16:16

Severstal to pay 35.61 rubles a share Q3 dividend

MOSCOW. Nov 27 (Interfax) - Shareholders in Severstal voted at an extraordinary meeting to accept a dividend of 35.61 rubles a share for Q3 2017, the steel maker said in a statement.

The dividend record date is December 5.

Severstal paid 22.28 rubles a share in Q2 dividends, meaning dividend payments are up 60% quarter-on-quarter.

Severstal is a vertically integrated steel company which has assets in Russia, Europe, Africa and Ukraine. The majority shareholder of the company is Alexei Mordashov.